Shanghai Real Estate Tycoon On Trial For Alleged Tax, Bribery Offenses – AP

From AP, via International Herald Tribune:

A Shanghai real estate tycoon who served a three-year prison term after a stock market scandal is on trial for alleged bribery and tax offenses, a state-run magazine reported Wednesday.

Zhou Zhengyi was detained a year ago amid a probe of government misconduct that brought down the Shanghai Communist Party secretary and other city leaders.

State media reports say he is charged with misappropriation of funds, bribery and forging value-added tax receipts. [Full Text]

Read also Troubled Shanghai tycoon on trial again from China Daily.

October 26, 2007 5:14 PM
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Categories: Economy, Law